We're busting common #nonprofit myths this month. Nonprofit Myth #3: Mergers are "hostile takeovers". The truth is much more nuanced. Mergers can actually be incredibly healthy for nonprofit organizations. In fact, in one study, 88% of nonprofit leaders felt their nonprofit was actually better at achieving organizational goals and increasing their impact after the merger! Read more about if a merger could be beneficial for your organization here:
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A snippet from yesterday's discussion in Beyond Collaborations: The process and possibilities of a nonprofit merger - Ryan Geake, CEO of Calgary SCOPE Society talks about the very early stages of the recently announced merger between Calgary SCOPE Society and Care Human Services and how important conversations and getting to know partners are in a successful merger. Partnerships between nonprofit organizations can have substantial benefits such as amplified community impact, increased service ability, enhanced visibility and accessibility, and operational efficiency and can run the gamut from collaboration to formal alliances and corporate integrations. This webinar gives an overview of the theory and process of nonprofit partnerships and delves into the motivations, opportunities, and challenges involved in the $50 million merger of Calgary SCOPE Society and Care Human Services, facilitated by IntegralOrg. Watch the full webinar at https://lnkd.in/g2Pu8ZY9 #nonprofit #Nonprofitorganization #merger #partnership
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Read the 2nd of 5 charity merger blogs ‘Overcoming barriers to merger success’ to find out how visionary leadership by change agents can be just as powerful in overcoming charity merger inertia as causing it in the first place. Top barriers: 1. Power, ego and control 2. The fear factor 3. Relationships. How to overcome those barriers: 1. Individual and shared leadership 2. Local control 3. Right place, right time. Read the full blog here: https://lnkd.in/efP3yYiN Blog by industry expert & Eastside People consultant Steve Chu
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It’s tomorrow! Free webinar: Beyond Collaborations: The Process and Possibilities of a Nonprofit Merger, Wednesday, October 2, 1-2:15 pm, with Mike Grogan, Leslie Tamagi, and Ryan Geake, CEO of Calgary SCOPE Society. Strategic alliances between nonprofit organizations can have substantial benefits such as amplified community impact, increased service ability, enhanced visibility and accessibility, and operational efficiency. This session provides an overview of the process of strategic alliances and tells the story of the recently announced merger of Calgary SCOPE Society and Care Human Services. We'll look at the motivations, opportunities, and challenges involved in this remarkable achievement and in strategic alliances in general. #nonprofit #nonprofitorganization #merger
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Read the 2nd of 5 charity merger blogs ‘Overcoming barriers to merger success’ to find out how visionary leadership by change agents can be just as powerful in overcoming charity merger inertia as causing it in the first place. Top barriers: 1. Power, ego and control 2. The fear factor 3. Relationships. How to overcome those barriers: 1. Individual and shared leadership 2. Local control 3. Right place, right time. Read the full blog here: https://lnkd.in/efP3yYiN Blog by industry expert & Eastside People consultant Steve Chu
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Read the 2nd of 5 charity merger blogs ‘Overcoming barriers to merger success’ to find out how visionary leadership by change agents can be just as powerful in overcoming charity merger inertia as causing it in the first place. Top barriers: 1. Power, ego and control 2. The fear factor 3. Relationships. How to overcome those barriers: 1. Individual and shared leadership 2. Local control 3. Right place, right time. Read the full blog here: https://lnkd.in/efP3yYiN Blog by industry expert & Eastside People consultant Steve Chu
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So excited to publish this blog post. I have seen some bad mergers in my day, but sometimes, they make sense and help serve our communities better. Mergers can make sense though. How can you ensure your nonprofit merger checks all the boxes and does things right? Listen to expert Karen Carloni, LCPC, NCC
One of my favorite people Sean Kosofsky The Nonprofit Fixer interviewed me about M & A. I am very proud of what Cari A. Guthrie and I and our teams accomplished on behalf of the mission of Cornerstone Montgomery. Our merger strengthened the organization and set the stage for great opportunities. Merger is complex but can meet some of your strategic objectives. Enjoy the article but also get some legal and appropriate consulting advice to have the best results. https://lnkd.in/ex-8ferq
Merging Nonprofit Organizations: What Nonprofit Leaders Need to Know - The Nonprofit Fixer
nonprofitfixer.com
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Helping #socents navigate #nonprofit megatrends successfully is a topic our CEO and Founder Suzanne Smith is passionate about. Discover what she has shared with hundreds of nonprofit leaders and better prepare your organization for what’s to come https://loom.ly/PiQY8L4 The Triangle Nonprofit & Volunteer Leadership Center SHARE Charlotte #socent #change #changemanagement #conflict #conflictmanagement #conflictresolution #economicchange #investor #donor #successionplanning #mergers #strategicplan #strategicplanning
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By collaborating with another not-for-profit organization, you might be able to cut costs and increase revenue. But joint ventures come with many challenges, including potential time, leadership, and communication issues. Here are some recommendations to ensure a smooth collaboration, partnership, or merger.
Keep Nonprofit Partnerships on Course
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So excited to publish this blog post. I have seen some bad and foolish mergers in my day, but sometimes, they make sense and help serve our communities better. How can you ensure your nonprofit merger checks all the boxes and does things right? Listen to expert Karen Carloni, LCPC, NCC
One of my favorite people Sean Kosofsky The Nonprofit Fixer interviewed me about M & A. I am very proud of what Cari A. Guthrie and I and our teams accomplished on behalf of the mission of Cornerstone Montgomery. Our merger strengthened the organization and set the stage for great opportunities. Merger is complex but can meet some of your strategic objectives. Enjoy the article but also get some legal and appropriate consulting advice to have the best results. https://lnkd.in/ex-8ferq
Merging Nonprofit Organizations: What Nonprofit Leaders Need to Know - The Nonprofit Fixer
nonprofitfixer.com
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Mergers and acquisitions (M&As) within the nonprofit industry offer distinct chances for organizations to strengthen their mission impact, expand their reach to a wider audience, and optimize the utilization of shared resources. Through collaboration, nonprofits can magnify their programs, improve operational efficiency, and foster significant social transformation. Nevertheless, these endeavors come with intricate intricacies. It is crucial to navigate financial and legal hurdles with utmost precision to guarantee a seamless integration that aligns with the goals and values of both organizations. #TuesdayTips #TipsbySandi #NonprofitLife #NonprofitAccounting #OutsourcedAccounting #NonprofitBookkeeping #NonprofitTips
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